Group 1 - The US dollar index is currently trading around 98.891, down 0.09% from the previous day, with concerns over a potential government shutdown and rising credit market worries driving traders towards safe-haven assets [1] - The US Treasury market is experiencing an increase, leading to a decline in the entire yield curve, with the 10-year US Treasury yield steady at 3.960% [1] - Gold prices have dropped by 1.3%, continuing the downward trend from the previous day, amid geopolitical tensions and the postponement of a meeting between Trump and Putin [1] Group 2 - Technical analysis of the USD/JPY shows an upward trend in the 5, 10, and 21-day moving averages, with the Bollinger Bands indicating a contraction [2] - The initial support levels are identified at the previous week's lows of 98.02 and 97.89, while the first resistance levels are at the upper Bollinger Band of 99.47 and the October high of 99.56 [2]

Core Viewpoint - The 5-year U.S. Treasury yield has dropped to its lowest point in a year, driven by investor uncertainty regarding regional banks and trade tensions, leading to a flight to safety [1] Group 1: Treasury Yield Movements - The 5-year U.S. Treasury yield fell by 3 basis points to 3.51%, marking the lowest level since early October 2024 [1] - The 2-year U.S. Treasury yield has also reached its lowest point since 2022, while the benchmark 10-year Treasury yield has dipped below 4% [1] Group 2: Market Reactions - Strategists indicate that the rise in U.S. Treasury prices reflects a pursuit of safe-haven assets, as credit-related challenges have heightened uncertainty in the market [1] - There is a subconscious market reaction to the increasing uncertainty surrounding credit conditions [1]